Question
At the end of the quarter, a company made an adjusting entry to recognize $1000 of interest costs that have been incurred this quarter in
At the end of the quarter, a company made an adjusting entry to recognize $1000 of interest costs that have been incurred this quarter in constructing a new piece of production equipment. What is the correct journal entry?
Dr. interest expense 1000 or Cr. Interestrest Payable $1000
Dr. Equipment $1000 Cr. Interest Payable $1000
No entry is needed
Dr. work in Process $1000 Cr. Interest Payable $1000
Dr. Interest Expense $1000 Cr.Cash $1000
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Food And Beverage Cost Control
Authors: Lea R. Dopson, David K. Hayes, Jack E. Miller
4th Edition
0471694177, 978-0471694175
